Baker Hughes Expects Q4 Revenue Between $6.7B-$7.1B Vs $6.88B Est.; Baker Hughes Narrows 2023 Revenue Forecast To Range Between $25.4B-$25.8B Vs $25.44B Est.
Portfolio Pulse from Benzinga Newsdesk
Baker Hughes has updated its Q4 revenue forecast to be between $6.7B-$7.1B, compared to the estimated $6.88B. The company has also narrowed its 2023 revenue forecast to a range between $25.4B-$25.8B, against the estimated $25.44B.
October 26, 2023 | 2:07 pm
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POSITIVE IMPACT
Baker Hughes' revised Q4 and 2023 revenue forecasts are likely to impact its stock price.
Baker Hughes' revised revenue forecasts for Q4 and 2023 are higher than the previous estimates. This positive news is likely to boost investor confidence and could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100